According to a report by Vietnam’s “Customs” magazine on September 22, from now to the end of the year, as the epidemic eases, Vietnam’s economy will gradually restart, placing it in front of Vietnam’s textile, clothing and footwear industries. The main difficulties will be insufficient orders and a shortage of workers. Tong Tien Textile Company, located in Dong Nai Province, stated that the local government allows companies to resume production, but the premise is that workers must come from non-epidemic areas. The areas where the factory is located are all epidemic areas, and workers cannot go to work normally. Vu Duc Giang, chairman of the Vietnam Textile and Garment Association, said that in the southern region where the epidemic is most severe, even if the epidemic can be controlled in October, it will be difficult for workers to return to work because most people have returned to their hometowns to avoid the epidemic, and as New Year’s Day and Spring Festival are approaching, workers are unwilling Come out again. At the same time, social isolation is still implemented in various places, the movement of people is restricted, and it is difficult to find workers. The shortage of workers is expected to be 35% to 37% before the end of the year.
Phan Thi Thanh Xuan, vice chairman of the Vietnam Leather, Shoes and Handbags Association, said that the loss of export orders for shoe products was serious, with a loss of about 20% in August and 40-40% in September. 50%. It usually takes six months for an order in the shoemaking industry to go from negotiation to signing. Therefore, it will be at least half a year before new orders can be added. Many big brands have moved orders to China for production. With orders reduced and workers in short supply, it is difficult for companies to resume production immediately.
Reports indicate that in the first eight months of this year, textile and clothing exports continued to grow, with exports amounting to US$25.9 billion, an increase of 15.8% over the same period last year. However, exports in August There has been a significant decline, with a month-on-month decrease of 18.7% and a year-on-year decrease of 5.8%. The annual export is expected to be 33 billion to 34 billion US dollars, which is difficult to achieve the export target of 39 billion US dollars. In the first eight months, the footwear industry exported US$12.6 billion, a year-on-year increase of 16.2%. However, exports in August fell by 38.5% year-on-year.
